As is widely known, USDC dominates the Solana stablecoin market.
However, what is less known is that USDC has actually experienced net capital outflows over the past year.
Paxos is the biggest contributor to stablecoin growth, with the combined market capitalization of USDG and PYUSD increasing by over $1 billion.
Ecosystem worth noting 👇
420
0
0
40
Cointelegraph
14h ago
Follow
🗞️ Want to know today's news? Here are our top ten stories:
🔸 According to the Financial Times, Trump's war with Iran has pushed U.S. oil inventories to their lowest level since 2004, and analysts warn that oil prices could reach $200 a barrel this summer.
🔹 The U.S. Commodity Futures Trading Commission (CFTC) has abolished its decades-old "no denial" policy, allowing the agency to reach settlements in enforcement cases even if the defendant continues to deny the charges.
🔸 According to Bloomberg, Anthropic has hired Morgan Stanley, Goldman Sachs, and JPMorgan Chase as lead underwriters for its upcoming IPO.
🔹 According to the Wall Street Journal, the U.S. House of Representatives voted 215-208 to strip Trump of the power to continue military action against Iran without congressional approval.
🔸 Senator Cynthia Loomis stated that passing the CLARITY Act before the July 4th recess is possible, but August might be a more realistic timeline given the ongoing efforts by lawmakers to consolidate multiple cryptocurrency-related bills.
🔹 Treasury Secretary Scott Bessant stated that he looks forward to working with lawmakers to establish a strategic Bitcoin reserve, and that work on this is "going all out."
🔸 According to CNBC, SpaceX is targeting an IPO price of $135 per share, which would value the company at $1.75 trillion and could potentially make it the largest IPO in U.S. history.
🔹 Days after President Trump signed a new executive order on artificial intelligence, OpenAI CEO Sam Altman met with lawmakers and Trump administration officials in Washington, D.C.
🔸 Mastercard expands its stablecoin settlement support, adding USDC, RLUSD, PYUSD, USDG, USDP, and SoFiUSD, supporting platforms such as Ethereum, Solana, XRP Ledger, Base, Arbitrum, and Polygon.
🔹 Microsoft releases the Majorana 2 quantum chip and hopes to deliver a commercially viable quantum computer by 2029.
482
0
0
28
Kraken Pro
06-03 21:21
Follow
🛢️ The oil market never stops.
And so does this challenge.
The WTIOIL Oil Futures Challenge is now open.
🗓️ June 3rd to 17th.
Prize Pool: $10,000 USDG. 120 paid slots. Rankings are based on actual profits.
Register now. 👇
Terms and Conditions
367
0
0
31
Cointelegraph
06-03 16:13
Follow
🔥 Breaking News: Mastercard has expanded its support for stablecoin settlements, adding USDC, RLUSD, PYUSD, USDG, USDP, and SoFiUSD, supporting platforms such as Ethereum, Solana, XRP Ledger, Base, Arbitrum, and Polygon.
449
0
0
43
Mars Finance
06-03 13:17
Follow
🔔Mastercard Expands On-Chain Settlement, Betting on Stablecoins and 24/7 Financial Services
According to CoinDesk, Mastercard is expanding its settlement network to support regulated stablecoins, planning to offer stablecoin settlement, intraday settlement, and weekend/holiday settlement services to meet the needs of real-time fund flows. The new framework will operate in parallel with existing fiat currency settlement processes, aiming to provide financial institutions with more flexible liquidity management. Mastercard will initially support Circle's USDC, Paxos' PYUSD, USDG, and USDP, Ripple's RLUSD, and SoFiUSD, covering blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. Financial institutions such as Cross River, Lead Bank, CBW Bank, ARQ, and Nuvei will be among the first participants.
488
0
0
20
Stop
05-28 23:15
Follow
On the Aave V4 platform, global USDG deposits increased fivefold in a week.
To meet demand, the supply cap has been increased to 20 million coins.
300
0
0
33
Stop
05-24 01:10
Follow
Yesterday, deposits on the Aave V4 Ethereum core surged by 30%, currently standing just below $70 million.
USDG increased by $8 million, frxUSD by $5 million, and USDT by $1 million.
Total deposits across all Aave V4 hubs have now exceeded $80 million.
400
0
0
47
Please call me MaiK
05-23 10:51
Follow
Trading US stocks is a dead end, come back to trading crypto.
I never expected USDG to be bought at such a sky-high premium. I kept chasing it, but two buy orders were still pending, I couldn't get in at all. It seems like investing is everyone's final destination.
Look how high this premium is! Selling 60214 USDG actually got me 60274 USDT, a $60 return, almost equivalent to two weeks' annualized return.
368
0
0
21
prophet
05-21 09:10
Follow
Here are some low-risk money-making opportunities recommended recently:
1. Hong Kong IPOs
2. Binance Alpha
3. OKX USDG investment
4. OKX Boost staking
421
0
0
22
Dune | We Are Hiring!
05-20 20:32
Follow
A week later, the supply of both USDe and USDG on Solana is approximately $570 million to $600 million.
On May 10th, the supply of USDe was $3.5 million. Now, its supply has reached $570 million. This is precisely the asset Ethena initially wanted to scale, and it has indeed succeeded.
USDG's trajectory is quite the opposite. Before its official launch, it was already a stablecoin worth approximately $820 million on Solana. On May 11th, Ethena injected approximately $770 million in seed funding, briefly pushing the supply to over $1.59 billion. However, in the following week, the USDG supply quickly fell back—borrowed into the circulating market and exchanged for USDe.
Ethena's move was decisive. They used USDG—a regulated, highly liquid stablecoin—as seed capital to stimulate demand for their own product. USDG is now available on two Solana lending markets, generating yield and attracting close attention from institutional investors.
The data in this update comes from Dune's meticulously compiled stablecoin dataset, clearly showing daily supply, market capitalization, tokenized addresses, and transaction activity across various blockchains.